Best
Advisory Company PREMIUM CALL:- BUY UNIPLY
ABOVE
254
TG1
259
TG2
267
SL
251.20
Shares
of RBL Bank was listed at the exchanges at Rs 274.20 per share, up 22 percent
from its issue price of Rs 225. The first private lender IPO in a decade was
open for subscription on August 19.
Price band was fixed at Rs 224-225 for share sale.
The plan included raising up to Rs 832.50 crore
through the issue of fresh shares and up to Rs 380.46 crore in an offer for
sale by existing shareholders. The share sale, accounting for 10-11 percent
stake, will give the bank a valuation of over Rs 12,000 crore.
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